JPY Trading Outlook (07-03-2016)
USD/JPY Intraday: the bias remains bullish.
Pivot: 113.20
Our preference: long positions above 113.20 with targets @ 114.25 & 114.55 in extension.
Alternative scenario: below 113.20 look for further downside with 112.85 & 112.50 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
114.85
114.55
114.25
113.66 Last
113.20
112.85
112.50